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fyi: Golden Cross

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Stock Lobster   Thursday, 12/21/06 10:35:46 AM
Re: plastipunk post# 374
Post # of 3648 
fyi: Golden Cross
A crossover involving a security's short-term moving average (such as 15-day moving average) breaking above its long-term moving average (such as 50-day moving average) or resistance level.

Investopedia Says: As long-term indicators carry more weight, the Golden Cross indicates a bull market on the horizon and is reinforced by high trading volumes. Additionally, the long-term moving average becomes the new support level in the rising market.



Technicians might see this cross as a sign that the market has turned in favor of the stock.

http://www.answers.com/topic/golden-cross

http://img226.imageshack.us/img226/9868/goldencross78257a1dc4.jpg




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